How to Insure Vacant Land

A policy upgrade will protect your vacant land.
A policy upgrade will protect your vacant land. (Image: Joseph White/iStock/Getty Images)

Even though vacant land does not have any physical structures that are susceptible to damage, landowners still need to protect themselves from liability if someone gets hurt while on their land. Obtaining insurance for such an occasion is essential for your financial security and peace of mind.

Add vacant land to the liability coverage of your homeowner’s policy as the easiest way of insuring a vacant property. An insurance agent can easily upgrade your policy to include the vacant land. This is the most inexpensive method of insuring the asset and protecting your other assets from liability.

Upgrade your personal excess liability policy, also referred to as an umbrella policy, to include the vacant land as a second option for insuring the property.

Purchase a separate policy that can encompass several hundred acres of vacant land if you do not own a home or have an umbrella policy. Typically, only 25 acres of land in a policy can be a body or bodies of water. A vacant land policy usually does not require a deductible, has a relatively low premium and covers the owner against any lawsuits involving bodily injury.

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